• About
  • Advertise
  • Contact
Friday, May 30, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Uncategorized

AfDB secures $15.6 billion to construct Lagos – Abidjan highway

Vital News by Vital News
March 20, 2022
in Uncategorized
0
Share on FacebookShare on Twitter

African Development Bank (AfDB) says it has secured $15.6 billion for the construction of the Lagos-Abidjan highway corridor.

The highway will link Nigeria and Ivory Coast, to ease transportation across West Africa.

President of the AfDB, Akinwumi Adesina, disclosed this during the 2021 Africa Investment Forum virtual boardroom closing session on March. 17.

The bank had in April 2020, approved funding of $13.67 billion for the Lagos-Abidjan highway corridor project.

The road corridor links cities across five West African countries, namely Côte d’Ivoire, Ghana, Togo, Benin, and Nigeria.

RelatedStories

Troops Kill 16 Terrorists, Repel Boko Haram/ISWAP Attack in Borno

Leveraging Technology, Lagos Ministry Reconciles Missing Elderly Woman With Relatives

Nigeria’s Inflation Jumps To 34.8%

Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja

Adesina said the project would go a long way to support trade in West Africa and reduce transport costs and increase intra-regional trade volume.

“The biggest deal for the boardroom is the $15.6bn deal for the Lagos-Abidjan highway corridor.

“The 46-lane highway corridor will connect Lagos, Cotonou, Lome, Accra, and Abidjan,” he said.

“It will support 75 per cent of the trade in the West African region. The project will impact the lives of over 500 million people. It would reduce transport costs by 48 per cent.

“It would increase intra-regional trade volume by 15 to 25 percent. It would connect land-locked cities to port countries,” he said.

The AfDB president added that the Affirmative Finance Action for Women in Africa (AFAWA) has been critical in supporting women’s businesses.

He explained that in 2021, the AfDB provided $450 million in support of women’s businesses in Africa, and in 2022, the Bank expects to provide $500 million in support of women-owned businesses.

“The AfDB will also be establishing a $1m AFAWA women advisory facility to support women with advisory services,” he added. (vitalnews)

Tags: AbidjanAfdbHighwayLagos
Previous Post

Buhari to commission Dangote Fertiliser Plant March 22

Next Post

Nigeria raises $1.25billion Eurobond to finance capital projects

Vital News

Vital News

RelatedStories

Only 200 South East Youths Have Indicated Interest To Join Army – Gen. Ekeator
Uncategorized

Troops Kill 16 Terrorists, Repel Boko Haram/ISWAP Attack in Borno

May 23, 2025
Hardship : LASG Extends Work-From-Home Policy By Three Months
Uncategorized

Leveraging Technology, Lagos Ministry Reconciles Missing Elderly Woman With Relatives

January 18, 2025
Uncategorized

Nigeria’s Inflation Jumps To 34.8%

January 15, 2025
Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja
Uncategorized

Police Arrest 50 Suspected Vandals, Recover 25 Manhole Covers, Solar Streetlights In Abuja

January 6, 2025
CBN Raises Interest Rate To 27.5pct
Uncategorized

CBN Raises Interest Rate To 27.5pct

November 26, 2024
Next Post

Nigeria raises $1.25billion Eurobond to finance capital projects

Bandits currently occupying 12 LGs in Niger State - Bello

History as NDLEA arrest suspect with 20.75 kilogrammes of black liquid cocaine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Russia To Supply 50,000 Tons Of Grains To African Countries – Putin

Russia To Supply 50,000 Tons Of Grains To African Countries – Putin

2 years ago

988,923 voters to participate in June 18 Ekiti governorship election

3 years ago
Ten Years After, Family, Friends, Colleagues Honour Late Architect Lolo Alassan At Memorial Service

Ten Years After, Family, Friends, Colleagues Honour Late Architect Lolo Alassan At Memorial Service

2 months ago
Kogi Guber : Chairmen Of Labour Party In 21 LGs Defect To APC

Kogi Guber : Chairmen Of Labour Party In 21 LGs Defect To APC

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

Trending

21 Die, 10 Missing In Niger Flood Disaster
Environment

21 Die, 10 Missing In Niger Flood Disaster

by Vital News
May 29, 2025
0

The Niger State Emergency Management Agency (NSEMA) has confirmed the death of 21 persons in massive floods...

Sidi Ould Tah Elected New President Of AfDB

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
Midterm Performance : Taraba State Rated Least In IGR, Good Governance

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

May 29, 2025
School Wall Collapses On Students Writing WAEC In Taraba

School Wall Collapses On Students Writing WAEC In Taraba

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 21 Die, 10 Missing In Niger Flood Disaster May 29, 2025
  • Sidi Ould Tah Elected New President Of AfDB May 29, 2025
  • President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC May 29, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In